Salary Range, Image Credit: Image by Satheesh Sankaran from Pixabay
Salary Range
Image by OpenIcons from Pixabay
According to WikiJob, a salary range is the range of pay offered for performing a job.
It will usually involve a minimum pay rate as well as a maximum option.
There will often be several possible salary levels between the two figures, which act as opportunities for pay increases.
Better Job Descriptions Are Required
Image by Mohamed Hassan from Pixabay
Many Job Descriptions are asking for the world from Job Candidates and look great at first glance, outlining:
- Job Title
- Telling you what their Job Requirements are
- Telling you what your responsibilities will be
- Job Location
- Qualifications
- Level of Experience
Unfortunately one of the most important pieces of information is often missing and if you’re a Job Candidate you’ve probably already guessed what it is.
There is often no sign of any salary information which would be good and even better would be a salary range.
Tricks Used By Employers to Cover the Lack of Clear Salary Information
These are some of the opaque terms Jobseekers can expect to encounter time after time.
‘Competitive Salary’
What does the term ‘competitive salary’ even tell anybody?
According to Appointments Personnel, It means that you should be paid a similar amount to what other employers are offering for the same job. You should research what pay is on offer elsewhere so that you know what to expect.
At ‘Market Rate’
According to Market Business News, the market rate, also known as the going rate, is the usual price charged for goods or services in a free market.
Employers who pay the market rate are paying Employees the usual or going rate for the type of work being done.
Let’s Get Real
Image by Mohamed Hassan from Pixabay
- You’ve been applying for hundreds of jobs with many of them giving no clue to what you’ll be paid.
- You’ve put all the hard work in to ensure that your CV is the best it can be.
- You’ve filled in countless online application forms
- You’re totally stressed out
- You’re then expected to go online and find out what the going rate is for the particular role you’ve applied for.
This is Total Lunacy!
There Are No Winners
Image by Mohamed Hassan from Pixabay
Job Candidates
Get very annoyed because of the extra work they need to do before even deciding whether it’s worth applying for a particular job.
They get to the interview stage and realise when the interviewer eventually reveals this big secret (your potential salary information) that it’s the same or less than their present position.
It’s often game over, as they feel that their time has been wasted and turn the job down, if it’s offered.
Employers and Recruiters
There are still too many Employers also Recruiters not being transparent because they are choosing to leave out salary ranges in their job descriptions and over time will become dinosaurs.
They’ll start to see a talent pool that’s diminishing, as candidates start to drop out of the process due to a lack of clarity in the job description.
If candidates get to the interview then reject the position after the big ‘salary reveal’ it’s been an unnecessary and avoidable waste of time for the Employer or Recruiter.
The Grim Statistics
Here are some very stark statistics from ‘Business Leader’
- Jobseekers state salary as being the number one reason to apply for a job Almost two-thirds (62%) of hiring managers believe a lack of salary transparency on job ads has no negative impact on applications – They need to get real!
- 48% of all Jobseekers say the absence of a salary on a job advert negatively impacts their perception of the hiring company.
- 26% say the word “competitive” in a salary description is likely to put them off applying for the role.
- Less than half (46%) of Employers have a salary transparency policy.
Benefits of Transparency
Image by OpenClipart-Vectors from Pixabay
According to Mishcon de Reya LLP, publicly disclosing salaries can:
✅ Help attract attention to an organisation.
✅ Transparency gives Job Candidates an early insight into the employer’s core values, especially fairness and open communication
✅ Help attract and retain a more diverse workforce
In Conclusion
There are still far too many Employers and Recruiters who are choosing not to include salary ranges in their job descriptions.
This is where the future lies and whether it’s done through legislation (like in parts of America) or pressure from a changing job market there will be clear winners.
The companies that lead and recognise that their job descriptions and every interaction with Job Candidates is a chance to build on their employer brand will come out on top.
👉 If you liked this article then please subscribe to ‘The JobPloy Solutions📄Newsletter
JobPloy Solutions Newsletter
✅ Get Tips and Insider views on what’s happening in the Recruitment World.
✅ We show how Employers and Recruiters can work with Employees and Job candidates to bring about real and positive change.
- Whether you’re an Employer, Recruiter, Hiring Manager, Job Candidate or you have an interest in Recruitment – Subscribing to ‘The JobPloy Solutions Newsletter’ means you’re getting that essential inside track information.
- It can also help you to create a blueprint for success.
- This means for Employers, Recruiters and Hiring Managers you’ll attract more high-quality talent because you recognise that things like streamlined application processes, Salary range information and good workplace culture is a winner.
- For Job Candidates (and we’re already seeing this) they’ll continue to gravitate towards Employers that they feel understand and address their concerns.
Be Part of the Solution!
👍Treat Yourself to Regular instalments of The Best Recruitment Tips Newsletter.
Author
Jeff Parnell
LinkedIn Profile
✦ Founder of Garniche Jobs UK
✦ Founder of Garniche Jobs London
✦ Founder of the LinkedIn Group: Jobseeker Talk
✦ CEO & Founder of
J O B P L O Y S O L U T I O N S
1️⃣ Get JobPloy Solutions 📜 Certification
2️⃣ Get a Trusted Employer Listing ✅ Better Branding
3️⃣ Prestigious Employers 🌏 Global Guide
Wage Calculator for Job Candidates
Credit: Pixabay
We know that employers who reveal how much you’re being paid in the job description get more engagement.
This is often presented as an annual figure but sometimes it could be an:
- Hourly wage
- Daily wage
- Weekly wage
- Monthly wage
This brilliant calculator, by omni calculator, helps you to easily do the various conversions and save yourself some time also less hassle when employers are presenting salary information in different ways.
Give It a Try!
Leave a Reply